Tag: exports
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Kuwait reduces oil exports to Asia for Al-Zour refinery
Kuwait intends to reduce its crude oil exports to Asia, starting next April, in conjunction with its plans to expand the production of oil derivatives. The Kuwait Petroleum Corporation asked some Asian refineries to obtain a lower share of oil under their annual deals, according to what was seen by the specialized energy platform. The…
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Russian refiners will not reduce their production despite the ban on diesel exports
Russian refining companies have fallen into a huge crisis, after Russian diesel has been included in the European ban list since February 5, 2023, as part of the tightening of sanctions imposed on Moscow. Although observers expect Moscow to resort to the option of reducing production in response to the sanctions, Russian companies will not…
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Egyptian Minister of Petroleum: We continue to explore for oil and gas…and there is great interest in exports
Egyptian Minister of Petroleum Tarek El-Molla said that Egypt was affected by global fluctuations during the past year (2022), but it has adapted its capabilities and resources – especially in the natural gas sector – to expand exports to the European market, after achieving self-sufficiency locally. He added that what happened to the markets recently…
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Russian oil exports to India are higher than Saudi Arabia and Iraq combined
Indian refiners continue to import cheap Russian oil, taking advantage of discounts offered by Moscow in the wake of Western sanctions in response to its invasion of Ukraine. India’s imports of Russian oil hit a record level in February 2023, keeping New Delhi the largest single supplier of oil for the fifth consecutive month, according…
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Revenues from Saudi oil exports rose 11% in December
Saudi oil export revenues increased, during last December, on an annual basis, supported by the rise in oil prices and the increase in exports compared to the same period in 2021. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues increased, in December, by approximately 11.1%, compared…
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Azerbaijani oil and gas exports noticeably increased in January
Azerbaijan’s oil and gas exports increased significantly last January, supported by increased demand in Europe. Many European countries are counting on Azerbaijan to meet part of their energy demand, to compensate for the lack of Russian supplies. The European Union signed agreements, during the past year (2022), aimed at increasing the supply of Azerbaijani oil…
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The recovery of gasoline demand in China brings fuel exports to the lowest level
Read in this article Chinese refineries began cutting back on refined fuel exports in January. Gasoline exports fell as road traffic recovered in major Chinese cities. Domestic consumption of gasoline was high during the annual Chinese new travel season. China’s seaborne jet fuel exports may also decline in February. Gasoline demand in China is rebounding…
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Azerbaijani oil exports raise uncertainty about when they will resume flowing from the port of Ceyhan
The devastating earthquake that shook Turkey continues to cast a shadow over Azerbaijani oil exports through the Turkish port of Ceyhan, which have not yet flowed since the earthquake. This comes at a time when the port of Ceyhan resumed receiving Iraqi oil exports, on Tuesday, February 7 (2023), after they were halted in the…
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Russian oil exports to India outperform Saudi Arabia and Iraq
India continues its record purchases of Russian oil, taking advantage of lower prices due to Western sanctions; In January 2023, it jumped to 1.27 million barrels per day, according to “Vortexa” shipping analytics. Today, Monday, February 6, 2023, the Financial Express newspaper stated that India’s appetite for Russian oil has reached unprecedented rates, and Russian…
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Fuel prices in China are falling again in conjunction with the increase in exports of gasoline and diesel
Fuel prices in China have fallen again, amid fears of a decline in domestic demand with the increase in coronavirus cases. Yesterday, Tuesday, January 17, the National Development and Reform Commission announced that, starting from midnight last night, the prices of oil derivatives in China will decline in most cities, according to the data seen…
